Kidder Mathews is pleased to offer to qualified investors, the opportunity to acquire the fee simple interest (land & building ownership) in a potential re-development, covered land play with a leased, freestanding, multi-tenant office investment located in San Diego, CA. There are a variety of tenants with different lease terms, providing an investor the ability to earn income while obtaining development permits to develop into a highest and best use multi-family or hotel asset. . The subject property is strategically located on San Diego Avenue in Old Town, a highly coveted area in San Diego, offering a central location from Interstate 5 (221,218 VPD) a prima¬ry thoroughfare traveling north to Los Angeles (100 miles) or south to Tijuana, Mexico (32 miles). The building was built in 1973 and fully renovated in 2007 and features spectacular views of the airport and San Diego Bay. Interstate 5 is easily accessible, and public transportation is essentially walking distance from the property. The Old Town neighborhood features a variety of small businesses, restaurants, and hotels, as well as the 29-acre Old Town San Diego State Historic Park. The 5-mile trade area is supported by 456,043 residents with an average household income of $132,881 in addition to the thousands of tourists that visit old town each and every year. Please contact broker for a complete offering memroandum.